OCCUPY GROUP ABOLISHES NEARLY $4 MILLION IN STUDENT LOAN DEBT (STA BREAKING NEWS and ARCHIVES)

by STANews , Wednesday, September 17, 2014, 17:31

A Occupy Wall Street protester marches along Madison Avenue in New York.(Reuters / Joshua Lott)

On the third anniversary of the Occupy Wall Street movement, an offshoot group announced that it has erased $3.8 million worth of private student loan debt.

The group, Strike Debt, said in a press release issued on Wednesday this week that its Rolling Jubilee initiative has purchased nearly $4 million in private student debt owed by former attendees of Everest College — an institution run by the massive for-profit education company Corinthian Colleges — in turn freeing those former students from a huge chunk of the burdensome loan bills.

“Jubilant Greetings!” the group wrote to 2,700 former Everest students. “We are writing to you with good news: We just got rid of some of your Everest College debt!”

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http://rt.com/usa/188520-strike-debt-jubilee-everest/